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Buyers Accumulate Shares of Net 1 UEPS Technologies, Up 1.4%

Published on Thu, 01/17/2013 - 11:27
By Adrienne Chilton

One of today's notable stocks on the rise is Net 1 UEPS Technologies (NASDAQ:UEPS), up 1.4% to $5.24. The Dow is up 0.4% to 13,566 and the S&P is currently up 0.4% to 1,478.

Net 1 UEPS Technologies, Inc. holds a non-exclusive worldwide license to the Universal Electronic Payment System (UEPS). The Company commercializes the smart card based service through alliances with banks, card services, and retail organizations.

There is potential upside of 33.6% for shares of Net 1 UEPS Technologies based on a current price of $5.24 and an average consensus analyst price target of $7.00. The stock should find initial resistance at its 50-day moving average (MA) of $6.27 and further resistance at its 200-day MA of $8.15.

Net 1 UEPS Technologies share prices have moved between a 52-week high of $12.62 and a 52-week low of $3.01 and are now trading 74% above that low price at $5.24 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.3% while the 200-day MA has slid 0.7%.

By Adrienne Chilton